Items tagged with ethereum

Something big is happening in the cryptocurrency market. Ethereum, the second largest digital coin behind Bitcoin, is receiving a major change to its codebase on Sunday, and nobody knows what exactly will happen. The update amounts to another hard fork, which for the most part have gone well for Ethereum miners and its investors. But there is always that unknown. "I expect that nothing will happen," Ethereum Foundation developer and designer Alex Van de Sande told CoinDesk. "Nothing happened with previous hard forks, except for one."Image Source: Flickr (BTC Keychain) The exception Alex refers... Read more...
It has been hard for months now for PC enthusiasts and gamers to find the video cards they want, because miniers have been buying them up to mine whatever their preferred cryptocurrency might be. Back in late September, we talked about prices for GeForce GTX 10 Series video cards possibly climbing due to a DRAM shortage and Ethereum miners. Now we have some new dedicated cards for miners coming to market from Inno3D that won't help the DRAM shortage, but might at least lure miners away from the cards gamers are searching for. These are P106 mining cards, which are essentially stripped down NVIDIA... Read more...
Abnormally high GPU pricing has been an issue for a long time now, but things really hit a peak when AMD launched its Radeon RX Vega series last month. Immediately, the graphics cards were nearly impossible to find, and those that were in stock were found with seriously inflated prices - sometimes with a nearly $200 premium due to price gouging merchants playing the supply and demand game. Unfortunately, it also appears that consumers looking at picking up an NVIDIA graphics card are also now starting to feel the burn of a higher street price. While AMD cards are often sought out first... Read more...
What is a blockchain? When considering cryptocurrencies like Bitcoin or Ethereum, it's best to first understand the underlying technology and framework that makes their existence possible. At its core, a blockchain is a what is described as a "shared ledger" technology that is used to record the complete history of transactions that have been made. More importantly, this ledger cannot be altered in any way, making it ideal for historical analysis and peer review. When it comes to everyday transactions -- be they financial, inventory or even account-based, traditionally, each party that is involved... Read more...
Update, 9/15/2017: We've updated our Ethereum mining benchmark numbers in this article to include AMD's recently released Radeon RX Vega graphics cards. Head here for that updated data or journey on for the full guide. Cryptocurrency mining is a big buzz topic in technology these days. And why not? Utilizing your computer to digitally mine what seems like free money only begs the question, "where do I sign up?" Your machine will actually be "mining" or processing transactions for a decentralized currency, the hottest variant of which is called Ethereum.  Poised to overtake the industry... Read more...
There has been a run on cryptocurrencies in the past year or so, especially when it comes to Bitcoin and Ethereum. The latter has especially been popular, with enthusiasts quickly gobbling up high-performance NVIDIA and AMD GPUs to bolster their mining efforts. While many enthusiasts and even some well-respected financial institutions have flocked to cryptocurrencies, one high-profile executive takes the stance of "Just Say No", to quote the late Nancy Reagan. JPMorgan Chase CEO Jamie Dimon isn't just down on cryptocurrencies like Bitcoin; he thinks that they are a fraud, plain and simple. JPMorgan... Read more...
NVIDIA’s GeForce GTX 10 Series and AMD’s Polaris family of Radeon GPUs have been popular with Ethereum miners since the start of 2017. Many of these cards have been in short supply, and the GPU market actually showed an uncharacteristic uptick in growth during Q2 because of this demand. With that in mind, all eyes are currently on AMD with its new Radeon RX Vega family of GPUs. We’ve already seen that the Vega 64 (and the Vega 56 in particular) excel at Ethereum mining once optimized. One redditor, however, has taken his optimizations to the extreme, allowing his Vega 64 to obtain a hash rate of... Read more...
The supply problems surrounding AMD’s Radeon RX Vega 64 flagship consumer graphics cards have been well documented. However, the Vega 64 isn’t the only new enthusiast graphics card that AMD has on deck; it also announced the slightly less potent Radeon RX Vega 56 (read our review of both cards). The Vega 56 launched this morning, and like clockwork, it sold out within minutes. Amazon was offering both XFX and Sapphire Vega 56 cards via its site, but they were quickly snatched up by eager gamers (or those looking to make a quick buck by flipping them). Both cards were listed at $399.99. Likewise,... Read more...
If there's one thing that's been made abundantly clear over the past couple of years, it's that if you dabble in cryptocurrency, you really need to do your homework and due diligence to make sure you don't wind up on the opposite end of an attack, or scam. Some Ethereum owners are learning this lesson the hard way this week. Enigma is a service that allows people to invest in cryptocurrency-related projects with cryptocurrency, which clearly lures in many hoping to maximize their money. Well, it also lures those who'd like a piece of that money, and are willing to get it through any means necessary.... Read more...
ASUS is releasing a motherboard with 19 PCI-Express expansion slots, and no, it is not intended for gamers who want to play Crysis (or any other title). This one is aimed directly at digital coin miners as the cryptocurrency craze rages one. Like the California gold rush that lasted from 1848 to 1855, this cryptocurrency boom has modern day miners going out in search of riches, and more tools are being made available specifically for that purpose.Cryptocurrency mining is red hot at the moment. Two of the most popular cryptocurrencies are Bitcoin and Ethereum, both of which are trading at obscenely... Read more...
Earlier this week, we were a bit disappointed when we heard rumors that AMD would be dropping its standalone air-cooled Radeon RX Vega 64 SKU, effectively raising its price to $599 for the foreseeable future. If this was indeed the case, it would be the ultimate case of “bait and switch”, since AMD played up the attractive $499 price point for the Vega 64 and reviews recommending the graphics card (including ours) were based on this price point. Rather than run with the story, which was originally posted by OC3D on Tuesday, we decided to reach out to AMD for further clarification. It took a few... Read more...
  The cryptocurrency market is red-hot right now, with Ethereum (ETH) helping to lead the charge. That surge in popularity was readily on display this week, when the Ethereum network surged past 410,000 transactions during a 24-hour period — actually, it was 410,061 to be exact. This is the highest number of daily transactions on record for any public blockchain to date. Ethereum’s performance put it more than 40,000 transactions ahead of Bitcoin’s record daily high. However, despite this performance for the record books, Ether hasn’t exactly budged much in value over the past week or so.... Read more...
Just yesterday, we gave you a quick rundown of Ethereum mining performance on the brand-new Radeon RX Vega 64 and Vega 56 graphics cards (read Dave’s review here). Our initial testing showed both cards trailing an optimized GeForce GTX 1070 FE, while putting up total system power consumption figures that were a bit on the high side. Fortunately, just as we were expecting, AMD has released a new beta driver that provides a nice boost to block chain compute performance. The new test driver is aptly named, “Radeon Software Crimson ReLive Edition Beta for Blockchain Compute”. That sure is a mouthful,... Read more...
Ethereum (ETH) has risen to become hugely popular in the cryptocurrency world over a relatively short period of time. After first appearing on the radar screens of miners earlier this year, with valuations surpassing the $400 mark in June, ETH pricing is now hovering around $300. Mining enthusiasts have built their own dedicated machines for mining Ether, with many choosing mid-range NVIDIA and AMD hardware to get the most bang for the buck and performance-per-watt. As we mentioned in our Ethereum Mining Optimization Guide, we found that the NVIDIA GeForce GTX 1070 offers a relatively high hash... Read more...
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